Costco Wholesale (NASDAQ:COST) has declared its first quarterly dividend for the new year. The company is to pay $0.275 to shareholders of its common stock on Feb. 22. Shareholders of record as of the end of Feb. 8 will be eligible to receive the disbursement.
The payout matches that of the previous three quarters. Prior to that, the retailer had awarded $0.24 per share. This past December, it also paid a one-time, special dividend of $7 per share.
The just-announced payout represents a yield of just over 1% on the company's current stock price.
Fool contributor Eric Volkman has no position in Costco Wholesale. The Motley Fool recommends Costco Wholesale. The Motley Fool owns shares of Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.